Caroline Gerardo, C. G. Barbeau the Loan Lady nmls 324982 (Licensed in 20 states)

Spam prevention
Ambassador
2,622,339
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

    We dodged both of those hurricanes here in northwest Florida.

    On a similar note, more automobiles were damaged or destroyed by Hurricane Harvey than any natural disaster in world history.  Car and Driver magazine had a fascinating article on it; estimates range from 500,000 to 1,000,000 wrecked or totalled cars.

Apr 30, 2018 05:31 PM
Rainmaker
5,581,678
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

no, we won't see those results as coastal folks have.... so tragic....our weather conditions are getting more severe every year.... I can't imagine what this summer will be like....

Apr 30, 2018 04:57 PM
Rainmaker
4,349,293
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

I'm not in those states so I'm here to see what is happening in other places.  

Apr 30, 2018 05:50 PM
Ambassador
5,897,836
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Wonder where these folks moved to, maybe up north.

 

Apr 30, 2018 05:38 PM
Rainmaker
1,391,973
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

We're more fires and earthquakes here.

Apr 30, 2018 05:24 PM
Ambassador
4,689,756
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

That is so sad, Caroline - I had no idea how many properties were impacted. I can't imagine what the residents of those areas went through. 

Apr 30, 2018 07:24 PM
Ambassador
1,962,123
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

I'm always sad to hear about these kinds of disasters that change lives forever. 

Apr 30, 2018 06:23 PM
Rainer
86,514
Mike Kelly,CRS,CIPS
The MJKelly Team - Santa Rosa, CA
"One of Sonoma County's Natural Resources"

Default watchers predicted this would happen in the southern "Hurricane" states. A blip on the overall radar as defaults continue to plummet. 

Apr 30, 2018 06:17 PM
Ambassador
3,987,310
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

We just got heavy rain and wind. Other than that it didn't impact us.

Apr 30, 2018 06:09 PM
Rainmaker
7,219,182
Roy Kelley
Retired - Gaithersburg, MD

Many who counted on flood insurance proceeds have been stonewalled.

Apr 30, 2018 06:08 PM
Rainmaker
399,103
PropertyMinder (AccelerAgent)
PropertyMinder, Inc. - San Jose, CA
Modern Tools for the Modern Agent

That's really saddening to say the least, Caroline. Hoping home improvement resources and efforts come to rescue these homes from extinction. Is there any hope for them? - Tim

Apr 30, 2018 05:23 PM
Rainmaker
2,147,896
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

If people have not they certainly will Caroline Gerardo . Distressed properties were rare in our area until our flood in 2011. About 2 years after the flood they became very common regretfully.

Apr 30, 2018 05:15 PM
Rainmaker
2,207,872
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

I am not in any of those states. 

May 01, 2018 04:56 AM
Rainmaker
4,653,877
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Not in my market... distressed sales are about 1.3% of total sales... and essentially not due to natural disasters. I had no idea your problem was so huge.

May 01, 2018 04:23 AM
Rainmaker
1,448,232
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Not out here in SoCal

Apr 30, 2018 09:47 PM
Ambassador
4,318,202
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Caroline Gerardo - I am sure they found the shelter somewhere and insurance companies took care of them.

Apr 30, 2018 08:56 PM
Ambassador
3,187,812
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Just shaking my head ... such a shame ... so much loss for those people. 

Apr 30, 2018 07:12 PM
Rainmaker
4,471,916
Richard Weeks
Dallas, TX
REALTOR®, Broker

I have not heard anything from my friends in Houston.  

May 01, 2018 05:09 AM
Rainmaker
4,710,017
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Have not heard anything yet, but expected they would be coming!

May 01, 2018 05:03 AM
Ambassador
2,124,014
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Not in my area. 

May 01, 2018 04:26 AM
Rainmaker
920,968
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

It is clear the Insurance Companies have better attorneys and a strategic plan of  delay and deny until the homeowner gives up is exhausted their savings.  More criminal in this behavior are those insurance companies hired by the national FLood Insurance programs and Florida's state owned insurer CITIZENS.

These building will not be sold as distressed sales but will be deemed uninhabitable and will become builders infill targets.

One poor family has been living is a house without wall board since the storm.  $68,000 estimated damage, $75,000 in legal bills so far.

May 01, 2018 04:16 AM
Rainmaker
3,986,050
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Interesting

Apr 30, 2018 08:19 PM
Rainmaker
4,433,859
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No.

Apr 30, 2018 05:35 PM
Rainer
87,920
Jeff Perlis Prime Properties
Prime Properties - Lake Arrowhead, CA
Experience Your Own Transformation!

Wow. Not in my area.

May 07, 2018 12:55 AM
Rainmaker
4,478,478
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

That is not good and never hear much about it.

 

May 06, 2018 12:25 PM
Rainmaker
5,477,994
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

That makes sense, but very sad to hear.

May 03, 2018 08:22 AM
Rainmaker
1,020,565
Diana Zaccaro Broker Associate
Tropical Beachside brokered by eXp - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

East central Florida had high wind and rain but otherwise we were not impacted like the Gulf Coast was. In Florida, if over 50% of the propery is destroyed, it is deemed a total loss so there may not be much to foreclose on if the damage is that extensive.

After flooding such as Harvey did, there are always warnings to be careful when buying used cars since cars that were flooded but not damaged are often put on the market.

Anyone considering a used car need to order a CarFax report and get the vehicle history. It's cheap insurance and can help prevent an expensive mistake.

 

May 01, 2018 01:56 PM
Rainmaker
3,071,034
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Not here in AZ

May 01, 2018 06:25 AM
Rainmaker
3,403,079
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I have not but will be buying in Florida in the next couple of years or earlier if a deal come sup

May 01, 2018 05:32 AM
Rainmaker
4,799,763
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I have not seen a large increase.

May 01, 2018 05:27 AM